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I have what I would consider to be some good news! The only problem is, the good news may also be a little bad news.
Let's take a look...
Read MoreYes, I'm talking about Gold again...
Read MoreIt seems that many things within the market structure are lining up again. Let's take a look...
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SPX - We did get our initial burst higher out of the anticipated lows as shown on the 2 charts below.
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This was Oct 31 - Anticipating the trade-able low
SPX now - We got the lows and the initial run higher, but will it continue? Notice how the 13 SMA affected the first run. The 2nd run tagged it and then crawled sideways for weeks. No good trade resulted Long or Short for months last summer, and that may happen again. It can still be bought or held above that 13 sma.
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